Several assets in the cryptocurrency market have been highlighting notable price increases over the past year. Along with Altcoins like Ripple’s XRP, Solana (Sol) held a prominent place on this list. The assets went from trading at a low of $96.59 to a high of $294.33. Sol reached this peak in January 2025 about four months ago. Currently, Altcoin is 40% below this all-time high. After a significant drop in the past few months, Sol’s annual increase is negative 2.82%. But looking back at the growth rate of cryptocurrency, its true potential is highlighted.
Solana jumps to the recovery wagon
Solana, the sixth largest cryptocurrency, had traded around $173.70 at the time of writing. Over the past 24 hours, Sol has skyrocketed by 3.15%. Just today, the asset jumped to a high of $175.52 after trading at a minimum of $166.30.
Solana made her debut just before the fatal pandemic of 2020. The Solana Foundation deployed Sol in April 2020. However, the blockchain was founded in 2017 by Anatoly Jakovenko. The developer aims to address the issues of blockchain scalability without sacrificing decentralization or security.
$2,000 in 2020
Sol started with a good note, but fell to an all-time low on May 12, 2020. The assets were trading at a luxurious price of $0.5052. This shows a significant increase of over 34,305.15%. If investors put $2,000 in Solana in 2020 with a history-lowest $0.5052, the investment is worth nearly $687,790 today, and Solana is currently trading around $173.70. This highlights the massive growth of assets despite the recent set-offs. Investing in cryptocurrency in the early stages has proven to be beneficial almost always.
(TagStoTranslate) Crypto(T) Cryptocurrency(T) Sol(T) Solana
